• Saturday, Nov 27, 2021
  • Last Update : 04:34 pm

Korea ranks 6th in providing FDI in Bangladesh

  • Published at 11:56 am December 16th, 2020
FDI-Dollars
File photo Syed Zakir Hossain/Dhaka Tribune

Former Korean premier H.E. Lee-Nak-yon expressed interest to make cluster investment in the SEZ of Bangladesh

South Korea is a pioneer in investing in Bangladesh and ranks 6th in providing foreign direct investment (FDI), according to the Bangladesh Embassy in Korea.

Korean FDI in Bangladesh continues to increase moderately while the gross inflow peaked up to US$ 1,122.86 million in December 2018.

Korea was the first country to set up an exclusive foreign export processing zone (KEPZ) in Bangladesh and is still one of the top sources of foreign direct investment, especially in the textile and garment sector.

It is increasingly engaging itself in the infrastructure, energy, ICT and medical equipment sectors.  More than 200 ROK companies have so far invested in Bangladesh.

During the visit of the former Korean premier H.E. Lee-Nak-yon in July 2019, he expressed his interest to make cluster investment in the special economic zones (SEZ) of Bangladesh.

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